Shares of Vulcan Materials Co. (NYSE:VMC) have earned a consensus recommendation of “Buy” from the twelve analysts that are covering the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $129.25.
VMC has been the topic of several analyst reports. Zacks Investment Research cut shares of Vulcan Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Argus reaffirmed a “buy” rating and set a $129.00 price target on shares of Vulcan Materials in a research note on Wednesday, August 3rd. Jefferies Group reaffirmed a “hold” rating on shares of Vulcan Materials in a research note on Wednesday, August 31st. Royal Bank Of Canada raised their target price on shares of Vulcan Materials from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 12th. Finally, DA Davidson reissued a “hold” rating and issued a $120.00 target price on shares of Vulcan Materials in a research report on Sunday, October 9th.
In related news, insider David B. Pasley sold 280 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $117.55, for a total value of $32,914.00. Following the transaction, the insider now owns 2,470 shares in the company, valued at $290,348.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David J. Grayson sold 2,025 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $118.77, for a total value of $240,509.25. Following the completion of the transaction, the insider now owns 18,637 shares in the company, valued at approximately $2,213,516.49. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Financial Architects Inc raised its position in Vulcan Materials by 1,268.9% in the second quarter. Financial Architects Inc now owns 1,013 shares of the company’s stock valued at $122,000 after buying an additional 939 shares during the last quarter. Tredje AP fonden raised its position in Vulcan Materials by 173.9% in the second quarter. Tredje AP fonden now owns 1,260 shares of the company’s stock valued at $152,000 after buying an additional 800 shares during the last quarter. Carroll Financial Associates Inc. raised its position in Vulcan Materials by 40.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,416 shares of the company’s stock valued at $161,000 after buying an additional 410 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Vulcan Materials by 3,155.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,465 shares of the company’s stock valued at $176,000 after buying an additional 1,420 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Vulcan Materials by 179.9% in the second quarter. Sunbelt Securities Inc. now owns 1,531 shares of the company’s stock valued at $184,000 after buying an additional 984 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.
Vulcan Materials (NYSE:VMC) opened at 111.62 on Friday. Vulcan Materials has a 12-month low of $78.83 and a 12-month high of $127.20. The firm’s 50-day moving average is $111.01 and its 200 day moving average is $115.09. The firm has a market cap of $14.85 billion, a PE ratio of 42.59 and a beta of 1.19.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.10. Vulcan Materials had a return on equity of 8.74% and a net margin of 9.85%. The firm had revenue of $956.80 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business earned $0.35 earnings per share. Vulcan Materials’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts predict that Vulcan Materials will post $3.23 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Wednesday, November 23rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.72%. The ex-dividend date is Monday, November 21st. Vulcan Materials’s dividend payout ratio is 30.65%.
About Vulcan Materials
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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